The Dow Jones industrial average lost 180.73 points, or 1%, to 17,529.98. The S&P 500 index gave up 19.45 points, or 0.9%, to 2,047.21. The Nasdaq composite pulled back 59.73 points, or 1.3%, to 4,715.73.

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Stocks fell across industries Tuesday, erasing gains from a rally a day earlier, as investors sifted through economic reports for clues as to when the era of low interest rates may end.
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For years, Owen Murray believed that Pacific Investment Management Co. was a safe bet for his clients for one big reason.
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Pacific Investment Management Co. saw a total of $48 billion flow out of all of its funds in October, including $6 billion from funds not associated with its departed star manager, Bill Gross.
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Pacific Investment Management Co. saw a total of $48 billion flow out of all of its funds in October, including $6 billion from funds not associated with its departed star manager, William H. Gross.
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Investors pulled $27.5 billion more from Pimco's flagship Total Return Fund in October, its largest monthly drop, as the bond behemoth moved to shore up investor confidence and navigate an uncertain moment in the bond market.
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Investors poured billions of dollars during October into smaller rivals of Pacific Investment Management Co.'s Total Return Fund, the mutual fund once overseen by longtime bond guru Bill Gross.
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Wall Street has preferred to call the recent rebound in long-term interest rates a "wake-up call."
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